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18 Blossom Ln - Liberty Place 16 Unit Apartment Building Offered at $2,996,911 at a 5.18% Cap Rate Rossville, GA 30741
Investment Highlights
- 16-Unit 55+ Apartment Community
- Stable In-Place Cash Flow
- Multiple HVAC Replacements
- 94% Occupied with Immediate Upside
- Extensive Capital Improvements Through 2026
- Numerous Water Heater Upgrades
Executive Summary
16-Unit 55+ Apartment Community | 94% Occupied | Strong In-Place Cash Flow | Extensive Capital Improvements Through 2026 | Long-Term Ownership Since 2008 | 11,016 SF on 1.14 Acres | Stable Tenant Base | Chattanooga MSA Location | Multiple HVAC & Water Heater Replacements | Smoke-Free Community | Limited Deferred Maintenance | Value Preservation Asset | Growing Senior Housing Demand | Rossville, GA
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$182,400
|
$16.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,400
|
$1.03
|
| Effective Gross Income |
$171,000
|
$15.52
|
| Taxes |
$8,660
|
$0.79
|
| Operating Expenses |
$7,100
|
$0.64
|
| Total Expenses |
$15,760
|
$1.43
|
| Net Operating Income |
$155,240
|
$14.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $182,400 |
| Annual Per SF | $16.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $11,400 |
| Annual Per SF | $1.03 |
| Effective Gross Income | |
|---|---|
| Annual | $171,000 |
| Annual Per SF | $15.52 |
| Taxes | |
|---|---|
| Annual | $8,660 |
| Annual Per SF | $0.79 |
| Operating Expenses | |
|---|---|
| Annual | $7,100 |
| Annual Per SF | $0.64 |
| Total Expenses | |
|---|---|
| Annual | $15,760 |
| Annual Per SF | $1.43 |
| Net Operating Income | |
|---|---|
| Annual | $155,240 |
| Annual Per SF | $14.09 |
Property Facts
Amenities
Site Amenities
- Laundry Facilities
- Wheelchair Accessible
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
18 Blossom Ln - Liberty Place